CAC40: A morning star...
The CAC40 closed in a bearish candle yesterday. The current pattern renders the morning star, formed two days ago, valid, which suggest a bearish trend. It will have as an objective at least 4587.59.
On a daily scale, breaking out 4663.34, will send it south towards 4622.6, with 4637.19 as a primary objective.
The figure will be rejected should the benchmark breakout 4713.41. Rejecting the figure will send the benchmark to 4739, with 4724.72 as a primary objective.
The daily Pivot Point is around 4688.58. The daily support levels are around 4663.75 and 4638.8. The daily resistance levels are around 4713.53 and 4738.36.
On a daily scale, breaking out 4663.34, will send it south towards 4622.6, with 4637.19 as a primary objective.
The figure will be rejected should the benchmark breakout 4713.41. Rejecting the figure will send the benchmark to 4739, with 4724.72 as a primary objective.
The daily Pivot Point is around 4688.58. The daily support levels are around 4663.75 and 4638.8. The daily resistance levels are around 4713.53 and 4738.36.
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